Pearson Edexcel GCSE Business (Theme 1) Questions and Answers 2025

Pearson Edexcel GCSE Business (Theme 1)
Questions and Answers 2025
UnlimitedAliabilityA-ACORRECTAANSWERSA-
TheAownerAisAresponsibleAforAtheAbusinessesAdebts
3AdisadvantagesAofAaApartnershipA-ACORRECTAANSWERSA-
1.AunlimitedAliability
2.AprofitsAareAshared
3.AthereAmayAbeAdisagreements
4.A20ApeopleAmax.
5.ApartnershipAendsAwhenAoneApartnerAleaves
6.AdecisionsAmadeAbyAoneApartnerAcanAaffectAallApartners
3AdisadvantagesAofAaAfranchiseA-ACORRECTAANSWERSA-1.AunlimitedAliability
2.AfranchiseesAneedAtoApayAanAinitialAfeeAasAwellAasAongoingAfeesA(royalties)Aand/orAshare
sAofAtheirAprofits
3.AlessAcontrolAforAtheAfranchiseeAasAtheyAwillAhaveAtoArunAtheApromotionsAcurrentlyAbeingA
advertised
4.AcannotAmadeAindependentAdecisions
5.AbrandAreputationAcanAbeAdamagedAbyAotherAfranchisees
3AadvantagesAofAaAfranchiseA-ACORRECTAANSWERSA-
1.AlowerAriskAasAbusinessAmodelAisAalreadyAsuccessful
2.AsupportAandAtrainingAprovidedAbyAtheAfranchisor
3.AfranchiseesAbenefitAfromAnationalAmarketingAcampaigns
4.AmarketAresearchAdoneAatAheadAofficeAlevel,AtheAbusinessAwillAgetAtheAbenefitAofAtheApro
motionalAactivityAandAsignageAallAdoneAonAaAnationalAlevel
5.AlessAcompetitionAasAterritoriesAareAdividedAup
3AadvantagesAofAaApartnershipA-ACORRECTAANSWERSA-
1.AveryAfewAproceduresAtoAsetAup
2.ApartnersAmayAhaveAaAwiderAexpertiseAandAcanAshareAideas
3.AdecisionAmakingAisAshared
4.AfinancialAinformationAisAkeptAprivate
5.AmoreAsourcesAofAfinance
6.AriskAisAshared
7.AeasierAtoAraiseAfinanceAtoAestablishAorAgrowAaAbusiness
PartnershipA-ACORRECTAANSWERSA-AAbusinessAownedAbyA2-
20ApeopleAwhoAshareAtheAfinancialArisk,AdecisionAmaking,AandAtheAprofits
FranchisorA-ACORRECTAANSWERSA-
TheApersonAorAbusinessAwhoAoffersAtoAfranchiseAotherAbusinessesAitsAtradingAmethods,Apr
oducts,AandAbusinessAlogos
RoyaltyA-ACORRECTAANSWERSA-
AApaymentAmadeAtoAtheAfranchisorAbasedAonAtheAsalesAturnoverAofAtheAfranchise
SoleAtrader/proprietorA-ACORRECTAANSWERSA-
AAbusinessAownedAbyAoneApersonAwhoAhasAunlimitedAliability

, FranchiseeA-ACORRECTAANSWERSA-AApersonAorAbusinessAbuyingAtheAfranchise
3AadvantagesAofAsoleAproprietorshipA-ACORRECTAANSWERSA-1.AtheyAmakeAallAdecisions
2.AnoAdisagreementsAandAquickAdecisions
3.AtheyAkeepAallAtheAprofit
4.AquickAandAeasyAtoAsetAup
5.AallAfinancialAinformationAkeptAprivate
3AdisadvantagesAofAsoleAproprietorshipA-ACORRECTAANSWERSA-1.AunlimitedAliability
2.AmayAbeAdifficultAtoAraiseAmoneyAtoAstartAorAgrowAaAbusiness
3.AaAlotAofApressureAonAjustAoneAperson
4.AdifficultAtoArunAifAtheAsoleAtraderAisAsickAorAneedsAtimeAoff
FranchiseA-ACORRECTAANSWERSA-
OneAbusinessAgivesAanotherAbusinessApermissionAtoAtradeAusingAitsAnameAandAproductsAi
nAreturnAforAaAfeeAandAaAshareAofAitsAsales
PrivateALimitedACompanyA(Ltd)A-ACORRECTAANSWERSA-
AAcompanyAmadeAupAofApeopleAwhoAknowAeachAotherAandAwithAlimitedAliability
LimitedAliabilityA-ACORRECTAANSWERSA-
RiskAisAlimitedAtoAtheAamountAofAmoneyAinvestedAintoAtheAbusiness.APersonalAassetsAareAn
otAatArisk.
3AadvantagesAofAaAprivateAlimitedAcompanyA-ACORRECTAANSWERSA-1.AlimitedAliability
2.AtermA'ltd'AmakesAtheAbusinessAseemAbiggerAorAaAmoreAlong-establishedAbusiness
3.AcanAbeAeasierAtoAraiseAfinanceAtoAestablishAorAgrowAtheAbusiness
4.AbusinessAcontinuesAtoAtradeAevenAifAtheAshareholdersAchange
3AdisadvantagesAofAaAprivateAlimitedAcomapnyA-ACORRECTAANSWERSA-
1.AmoreAcomplexAtoAsetAupAthanAaAsoleAproprietorshipAorApartnership
2.AdisagreementsAbetweenAshareAholders
3.AfinancialAinformationAisApublished
4.AmoreArequirementsAtoAreportAinformationAtoAorganisationsAsuchAasAHMRCAandACompa
niesAHouse
BusinessARiskA-ACORRECTAANSWERSA-
TheApossibilityAthatAanAenterpriseAmayAhaveAlowerAprofitsAthanAexpectedAorAexperienceAaAl
oss
AAbusinessAcouldAcreateAaAnewAproductAby...A-ACORRECTAANSWERSA-1.AmixAandAmatch
2.AnewAversionAofAanAoldAproduct/service
3.AcheaperAversionAofAanAoldAproduct/service
ServiceA-ACORRECTAANSWERSA-
AnAactAthatAaAbusinessApersonAcarriesAoutAforAyouAinAexchangeAforAmoney
ProductA-ACORRECTAANSWERSA-AnythingAcapableAofAsatisfyingAcustomerAneeds
WhatAisAtheAkeyAreasonAforAbusinessAfailure?A-ACORRECTAANSWERSA-PoorAcashAflow
-AinflowsAareAlowerAthanAexpectedAorAoutflowsAareAhigherAthanAexpected
3AmainArisksAare...A-ACORRECTAANSWERSA-1.AbusinessAfailure
2.AfinancialAloss
3.AlackAofAsecurityA(entrepreneur)
NameA3AchangesAinAtechnologyAandAwhyAnewAbusinessAideasAhaveAdevelopedA-
ACORRECTAANSWERSA-

1.ATheAinventionAofAtheAinternet.ABusinessesAhaveAfoundAaAnewAcheaperAwayAtoAreachAthe
AconsumerA-Aonline